There may be loopholes and ways of writing contracts that make it favorable.

I am actually looking into myself, as long as their are no loop holes in your contracts you should be fine.

Bryan H. we will have to use the 1031 exchange but I am trying to find any possible loopholes so that IRS won't get so much of the sale of the condo.

Btw, if you plan to start a ROBS and you plan to hire any employees, keep in mind that one of the requirements of a ROBS business is that you give your employees an opportunity to buy-into the business -- this is because ROBS businesses are essentially just a loophole in ERISA law for employee-owned businesses.Last thing I'll say here -- Anyone that wants to go this route, go for it. 

How specifically they will impact revenue (what taxes will be cut, what taxes will be raised, what loopholes will be closed, etc);2.

To see if there is any loopholes and responsible awareness i need to tighten?

The challenge with leaning only on the umbrella policy or liability policies are that the insurance companies, if you can believe it (ha ha) have plenty of loopholes in policies to give them an out.

I just wanted to see if any experts know of any loopholes out there where I can do this.

. ;)Theres a lot of these little loopholes in Kentucky.

In theory I like the LLC stance as it allows me to create an investment property business, and I assume better tax loopholes as I rent and flip etc..Thanks In Advance for educated opinions.